North America aircraft heat exchanger market in is expected to grow from US$ 633.4 Mn in 2018 to US$ 1,101.7 Mn by the year 2027. This represents a CAGR of 6.4% from the year 2018 to 2027.
The growth in aircraft has increased substantially as the airlines in the developed countries are ordering increased number of aircraft to meet the continuously growing air travel demand. Due to the growing demand for several aircraft, the need for its numerous systems and equipment such as heat exchanger has also increased. The two most commonly used heat exchanger widely used in the aviation sector is flat tube and plate-fin. Both play an essential role in aviation application. However, plate-fin heat exchangers are widely used in the aviation sector due to its compactness, low weight, and high effectiveness. These exchangers are extensively used around the globe for several decades. Furthermore, plate-fins also enable for lower pressure drops, which is a significant advantage for industry such as aerospace. Hence, the increase in the demand of plate-fin heat exchanger worldwide is predicted to drive the demand for aircraft heat exchangers.
Currently, the U.S. is dominating the aircraft heat exchanger market in terms of installation, which in turn boost the demand for aircraft heat exchanger market. The country is a leading manufacturer of general aviation equipment such as small aircraft, helicopters, and business jets. The U.S.’s aerospace industry observed a shift in manufacturing investment. The country currently accounts for nearly 40% of global aircraft production, which is the highest as compared to other countries across the globe. Some of the world’s largest manufacturers of aircraft, namely Boeing and Airbus, have their manufacturing bases established in the U.S. The presence of a huge number of aircraft manufacturers are significantly creating the demand for aircraft heat exchanger. The figure given below highlights the revenue share of Mexico in the North American aircraft heat exchanger market in the forecast period:
Mexico in North America Aircraft heat exchanger Market Revenue and Forecasts to 2027 (US$ Mn)
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NORTH AMERICA AIRCRAFT HEAT EXCHANGER MARKET - SEGMENTATION
North America Aircraft Heat Exchanger Market by Type
- Flat Tube
- Plate Fin
North America Aircraft Heat Exchanger Market by Aircraft Type
- Fixed Wing Aircraft
- Rotary Wing Aircraft
North America Aircraft Heat Exchanger Market by Application
- Engine
- Airframe
North America Aircraft Heat Exchanger Market by Country
- US
- Canada
- Mexico
North America Aircraft Heat Exchanger Market Companies
- BOYD Corporation
- Collins Aerospace
- Honeywell International Inc
- Jamco Corporation
- LiebherrGroup
- Meggit Plc
- TAT Technologies Inc.
- Triumph Group
- Wall Colmonoy
- Woodward Inc.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Type of Aircraft, Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Aircraft Heat Exchanger Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Buyers:
4.2.1.1 Buyer Concentration is Moderately Growing
4.2.2 Bargaining Power of Suppliers:
4.2.2.1 Supplier Concentration is Decreasing
4.2.3 Threats to Substitutes:
4.2.3.1 Existence of Aircraft Health Monitoring Systems and Flight Tracking Systems
4.2.4 Threats of New Entrants:
4.2.4.1 Established Players Capture the Maximum Market
4.2.5 Degree of Competition:
4.2.5.1 Large Number of Well Established Players with Balanced Financial Status
4.3 Ecosystem Analysis
5. North America Aircraft Heat Exchanger Market – Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Growing popularity of plate-fin heat exchangers
5.1.2 Rapidly growing aviation industry
5.2 Key Market Restraint
5.2.1 Extended Lifecycle of the aircraft heat exchangers
5.3 Key Market Opportunity
5.3.1 Business expansion opportunities in developing countries
5.4 Future Trend
5.4.1 Increasing use of additive manufacturing
5.5 Impact Analysis of Drivers and Restraints
6. North America Aircraft Heat Exchanger Market –Market Analysis
6.1 North America Aircraft Heat Exchanger Market Forecast and Analysis
7. North America Aircraft Heat Exchanger Market Analysis – By Type
7.1 Overview
7.2 North America Aircraft Heat Exchanger Market Breakdown, By Type, 2018 & 2027
7.3 Flat Tube
7.3.1 Overview
7.3.2 North America Flat Tube Market Revenue and Forecasts to 2027 (US$ Mn)
7.4 Plate-fin
7.4.1 Overview
7.4.2 North America Plate-fin Market Revenue and Forecasts to 2027 (US$ Mn)
8. North America Aircraft Heat Exchanger Market Analysis – Type of Aircraft
8.1 Overview
8.2 North America Aircraft Heat Exchanger Market Breakdown, Type of Aircraft, 2018 & 2027
8.3 Rotary-Wing Aircraft
8.3.1 Overview
8.3.2 North America Rotary-Wing Aircraft Market Revenue and Forecasts to 2027 (US$ Mn)
8.4 Fixed-Wing Aircraft
8.4.1 Overview
8.4.2 North America Fixed-Wing Aircraft Market Revenue and Forecasts to 2027 (US$ Mn)
9. North America Aircraft Heat Exchanger Market Analysis – By Application
9.1 Overview
9.2 North America Aircraft Heat Exchanger Market Breakdown, By Application, 2018 & 2027
9.3 Engine
9.3.1 Overview
9.3.2 North America Engine Market Revenue and Forecasts to 2027 (US$ Mn)
9.4 Airframe
9.4.1 Overview
9.4.2 North America Airframe Market Revenue and Forecasts to 2027 (US$ Mn)
10. North America Aircraft Heat Exchanger Market – Country Analysis
10.1 Overview
10.1.1 North America Aircraft Heat Exchanger Market Breakdown, By Country
10.1.1.1 US Aircraft Heat Exchanger Market Revenue and Forecast to 2027 (US$ Mn)
10.1.1.1.1 US Aircraft Heat Exchanger Market Breakdown, By Type
10.1.1.1.2 US Aircraft Heat Exchanger Market Breakdown, By Type of Aircraft
10.1.1.1.3 US Aircraft Heat Exchanger Market Breakdown, By Application
10.1.1.2 Canada Aircraft Heat Exchanger Market Revenue and Forecast to 2027 (US$ Mn)
10.1.1.2.1 Canada Aircraft Heat Exchanger Market Breakdown, By Type
10.1.1.2.2 Canada Aircraft Heat Exchanger Market Breakdown, By Type of Aircraft
10.1.1.2.3 Canada Aircraft Heat Exchanger Market Breakdown, By Application
10.1.1.3 Mexico Aircraft Heat Exchanger Market Revenue and Forecast to 2027 (US$ Mn)
10.1.1.3.1 Mexico Aircraft Heat Exchanger Market Breakdown, By Type
10.1.1.3.2 Mexico Aircraft Heat Exchanger Market Breakdown, By Type of Aircraft
10.1.1.3.3 Mexico Aircraft Heat Exchanger Market Breakdown, By Application
11. Aircraft Heat Exchanger Market - Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition
12. Aircraft Heat Exchanger Market- Company Profiles
12.1 Boyd Corporation
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Collins Aerospace
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Honeywell International Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Jamco Corporation
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Liebherr Group
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Meggitt PLC
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 TAT Technologies Ltd.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Triumph Group, Inc.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Wall Colmonoy
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Woodward, Inc.
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. North America Aircraft Heat Exchanger Market Revenue and Forecasts to 2027 (US$ Mn)
Table 2. North America Aircraft Heat Exchanger Market Revenue and Forecast to 2027 – By Type (US$ Mn)
Table 3. North America Aircraft Heat Exchanger Market Revenue and Forecast to 2027 – By Type of Aircraft (US$ Mn)
Table 4. North America Aircraft Heat Exchanger Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 5. North America Aircraft Heat Exchanger Market Revenue and Forecast to 2027 – By Country (US$ Mn)
Table 6. US Aircraft Heat Exchanger Market Revenue and Forecast to 2027 – By Type (US$ Mn)
Table 7. US Aircraft Heat Exchanger Market Revenue and Forecast to 2027 – By Type of Aircraft (US$ Mn)
Table 8. US Aircraft Heat Exchanger Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 9. Canada Aircraft Heat Exchanger Market Revenue and Forecast to 2027 – By Type (US$ Mn)
Table 10. Canada Aircraft Heat Exchanger Market Revenue and Forecast to 2027 – By Type of Aircraft (US$ Mn)
Table 11. Canada Aircraft Heat Exchanger Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 12. Mexico Aircraft Heat Exchanger Market Revenue and Forecast to 2027 – By Type (US$ Mn)
Table 13. Mexico Aircraft Heat Exchanger Market Revenue and Forecast to 2027 – By Type of Aircraft (US$ Mn)
Table 14. Mexico Aircraft Heat Exchanger Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 15. Glossary of Term: Aircraft Heat Exchanger Market
LIST OF FIGURES
Figure 1. North America Aircraft Heat Exchanger Market Segmentation
Figure 2. North America Aircraft Heat Exchanger Market Segmentation – By Country
Figure 3. North America Aircraft Heat Exchanger Market - Competitive Scenario
Figure 4. North America Aircraft Heat Exchanger Market, Type of Aircraft
Figure 5. North America Aircraft Heat Exchanger Market, By Type
Figure 6. North America Aircraft Heat Exchanger Market Overview
Figure 7. Aircraft Heat Exchanger Market Porter’s Five Forces Analysis
Figure 8. Aircraft Heat Exchanger Market Ecosystem Analysis
Figure 9. North America Aircraft Heat Exchanger Market Impact Analysis of Drivers and Restraints
Figure 10. North America Aircraft Heat Exchanger Market Forecast and Analysis, (US$ Mn)
Figure 11. North America Aircraft Heat Exchanger Market Breakdown by Type, 2018 & 2027 (%)
Figure 12. North America Flat Tube Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 13. North America Plate-fin Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 14. North America Aircraft Heat Exchanger Market Breakdown, Type of Aircraft, 2018 & 2027 (%)
Figure 15. North America Rotary-Wing Aircraft Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 16. North America Fixed-Wing Aircraft Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 17. North America Aircraft Heat Exchanger Market Breakdown, By Application, 2018 & 2027 (%)
Figure 18. North America Engine Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 19. North America Airframe Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 20. North America Aircraft Heat Exchanger Market Breakdown, By Country, 2018 & 2027(%)
Figure 21. US Aircraft Heat Exchanger Market Revenue and Forecast to 2027 (US$ Mn)
Figure 22. Canada Aircraft Heat Exchanger Market Revenue and Forecast to 2027 (US$ Mn)
Figure 23. Mexico Aircraft Heat Exchanger Market Revenue and Forecast to 2027 (US$ Mn)
Figure 24. Aircraft Heat Exchanger Market, Industry Landscape (2016-2019) %
The List of Companies
- BOYD Corporation
- Collins Aerospace
- Honeywell International Inc
- Jamco Corporation
- Liebherr Group
- Meggit Plc
- TAT Technologies Inc.
- Triumph Group
- Wall Colmonoy
- Woodward Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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